Wall Street brokerages expect First Interstate Bancsystem Inc (NASDAQ:FIBK) to post $0.75 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for First Interstate Bancsystem’s earnings, with the lowest EPS estimate coming in at $0.68 and the highest estimate coming in at $0.81. First Interstate Bancsystem posted earnings per share of $0.74 in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.4%. The firm is expected to issue its next quarterly earnings report after the market closes on Tuesday, July 30th.
According to Zacks, analysts expect that First Interstate Bancsystem will report full-year earnings of $3.07 per share for the current year, with EPS estimates ranging from $3.00 to $3.15. For the next year, analysts expect that the firm will post earnings of $3.31 per share, with EPS estimates ranging from $3.16 to $3.45. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover First Interstate Bancsystem.
First Interstate Bancsystem (NASDAQ:FIBK) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.01). First Interstate Bancsystem had a net margin of 25.84% and a return on equity of 10.69%. The company had revenue of $150.50 million during the quarter, compared to the consensus estimate of $151.84 million.
Several analysts recently commented on the company. Robert W. Baird upped their target price on Cerner from $67.00 to $71.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Piper Jaffray Companies set a $55.00 price target on Pacira Biosciences and gave the stock a “buy” rating in a report on Tuesday, April 9th. BidaskClub upgraded Yandex from a “buy” rating to a “strong-buy” rating in a report on Friday, June 14th. Finally, Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. First Interstate Bancsystem currently has an average rating of “Hold” and an average price target of $44.65.
FIBK stock traded up $0.21 during trading on Friday, hitting $38.74. The company had a trading volume of 2,829 shares, compared to its average volume of 191,869. The stock has a 50-day moving average price of $38.62. First Interstate Bancsystem has a one year low of $34.61 and a one year high of $47.05. The firm has a market cap of $2.32 billion, a PE ratio of 13.27, a PEG ratio of 1.36 and a beta of 1.18. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81.
In related news, insider Philip G. Gaglia sold 2,112 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $42.20, for a total value of $89,126.40. Following the transaction, the insider now directly owns 3,184 shares in the company, valued at approximately $134,364.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Peter I. Wold bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was purchased at an average price of $37.81 per share, for a total transaction of $37,810.00. Following the completion of the acquisition, the director now owns 3,707 shares in the company, valued at $140,161.67. The disclosure for this purchase can be found here. 24.93% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC lifted its holdings in shares of First Interstate Bancsystem by 150.2% in the 4th quarter. FMR LLC now owns 1,340,663 shares of the financial services provider’s stock worth $49,014,000 after purchasing an additional 804,884 shares in the last quarter. Natixis Advisors L.P. raised its position in First Interstate Bancsystem by 43.3% in the 4th quarter. Natixis Advisors L.P. now owns 14,511 shares of the financial services provider’s stock valued at $531,000 after buying an additional 4,387 shares during the last quarter. Millennium Management LLC raised its position in First Interstate Bancsystem by 20.1% in the 4th quarter. Millennium Management LLC now owns 751,741 shares of the financial services provider’s stock valued at $27,484,000 after buying an additional 125,944 shares during the last quarter. Citigroup Inc. raised its position in First Interstate Bancsystem by 121.1% in the 4th quarter. Citigroup Inc. now owns 29,766 shares of the financial services provider’s stock valued at $1,089,000 after buying an additional 16,306 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in First Interstate Bancsystem by 122.3% in the 4th quarter. Captrust Financial Advisors now owns 767 shares of the financial services provider’s stock valued at $28,000 after buying an additional 422 shares during the last quarter. Institutional investors own 51.91% of the company’s stock.
About First Interstate Bancsystem
First Interstate BancSystem, Inc operates as the bank holding company for First Interstate Bank that provides range of banking products and services in the United States. Its deposit products include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors.
See Also: Gross Domestic Product (GDP)
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